2534 ÷ 5 = 506 R4
Alright, let's work through the division of 2534 by 5 step by step.

Step 1:
5 goes into 2 0 times with a remainder of 2.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 2 to get 2.
Bring next digit (5) of the dividend behind the 2 and repeat the process: 25 / 5

Step 2:
5 goes into 25 5 times with a remainder of 0.
Write down 5 as next digit of of the result. 
Result so far: 5
Subtract 25 from 25 to get 0.
Bring next digit (3) of the dividend behind the 0 and repeat the process: 3 / 5

Step 3:
5 goes into 3 0 times with a remainder of 3.
Write down 0 as next digit of of the result. 
Result so far: 50
Subtract 0 from 3 to get 3.
Bring next digit (4) of the dividend behind the 3 and repeat the process: 34 / 5

Step 4:
5 goes into 34 6 times with a remainder of 4.
Write down 6 as next digit of of the result. 
Result so far: 506
Subtract 30 from 34 to get 4.

The final result is 506 with a remainder of 4.